I might be mistaken this board for saying it here and here alone. But I have seen it on CC. If you were FA kid to a very selective college when you went to college, and your kid now is also qualify for FA at similar selective colleges. I consider your going to the very selective college not a defining moment to elevate you to another social economics level. I think we all need to give your kids some practical advices, instead of just “following your heart”. If we are spending the money to full pay, we’d better get some returns!!
In our case, both DH and D chose to turn down MIT for better financial options. D didn’t believe MIT education worth the extra $200k.